Cambodia looks to create over 150,000 jobs through new investments
Despite the pandemic, Cambodia has the potential to create over 150,000 jobs through the approval of 195 new investment projects and 43 production expansion requests, said Ith Sam Heng, Minister of Labour and Vocational Training.
The minister also urged relevant parties to pay more attention to change, improving and adapting the employment structure from one of a labour-intensive industry, to a skills-based labour industry by 2025.
The minister added that enhancing business competitiveness and productivity would help transform a low value-added industry to a high value-added industry, in line with the National Industrial Development Policy 2015-2025, reports Khmer Times.
The government, relevant ministries and institutions have achieved many achievements, including preventing the spread of COVID-19, he added.
The government had earlier expected a loss of six million jobs in the informal economy due to the pandemic.